When will higher interest rates begin to affect my home loan?
Most Finns have the 12-month Euribor as the reference rate in their home loans. It’s a variable rate, and the value of the reference rate is determined for 12 months at a time.
Your home loan has an interest review date on which the value of the reference rate will be reset to the rate valid two banking days before the review date.
Where can I see the interest review date of my home loan?
In Nordea Mobile: Overview > Loans > select your loan > Details > Interest period ends.
Netbank: go to the Finances tab > Loans > select your loan > Loan details > Interest period ends.
How much will my monthly payment change?
As interest rates rise, many things, including your remaining loan amount, loan period and the repayment method you have chosen, will affect your monthly payment and interest costs. You can gain an idea of how much your monthly payment could change using our home loan calculator.
Read our frequently asked questions about rising interest rates